Judge: Insured’s Structural Building Damage Was Not ‘Fortuitous’; No Coverage Owed

(July 29, 2024, 10:32 AM EDT) -- PHOENIX — A federal judge in Arizona on July 26 granted a commercial property insurer’s motion for summary judgment in a building owner insured’s breach of contract and bad faith lawsuit seeking coverage for structural damage to its building, finding that the insured’s loss was reasonably foreseeable and almost certain to occur and, as a result, the risk was not covered....